South Korea Crypto Tax: New ‘Quasi-Tax’ Imposed on Exchanges

The Financial Services Commission (FSC) of South Korea has announced an updated regulatory framework following the implementation of the groundbreaking Virtual Asset User Protection Act. The official announcement on August 1 revealed that major South Korean cryptocurrency exchanges like Upbit, Bithumb, and Coinone will now be required to pay a supervisory fee based on their The post South Korea Crypto Tax: New ‘Quasi-Tax’ Imposed on Exchanges appeared first on Coin Edition .

Source: Coin Edition